Regulations on business household registration in Vietnam in 2024

Regulations on business household registration in Vietnam in 2024 (Image from the internet)

1. Regulations on business household registration in Vietnam in 2024

According to Article 87 of Decree 01/2021/ND-CP, the registration of a business household is conducted at the District Business Registration Office where the household business is headquartered.

- The business household registration dossier includes:

+ Application form for business household registration;

+ Legal documents of individuals for the household head and family members registering the household business in case family members register the household business together;

+ Copy of the minutes of the family meeting regarding the establishment of a household business in case family members register the household business together;

+ Copy of the written authorization from family members authorizing one member to act as the head of the household business in case family members register the household business together.

- Upon receiving the dossier, the District Business Registration Office issues a Receipt and grants the Certificate of business household registration within 3 working days from the date of receipt of a valid dossier.

In case the dossier is not valid, within 3 working days from the date of receipt, the District Business Registration Office must send a written notice to the applicant or the business household founder. The notice must clearly state the reasons and requirements to amend and supplement the dossier (if any).

- If after 3 working days from the date of submission of the business household registration dossier, the applicant has not received the Certificate of business household registration or has not received any notice requesting to amend or supplement the dossier, the business household founder or the business household has the right to lodge a complaint or denounce according to the provisions of the law on complaints and denunciations.

- On a monthly basis, during the first working week of each month, the District Business Registration Office sends the list of business households registered in the previous month to the Tax Department at the same level, the Business Registration Division, and the specialized management agency at the provincial level.

2. Business lines of business households in Vietnam

The Business lines of a business household in Vietnam are stipulated in Article 89 of Decree 01/2021/ND-CP as follows:

- When registering for establishment or registering for changes in the business household registration content, the business household records the Business lines on the Application form for business household registration, Notification of changes in business household registration content. The District Business Registration Office records the information about the Business lines on the Certificate of business household registration.

- The business household is entitled to engage in conditional investment and business sectors from the moment they meet the conditions stipulated by law and must ensure these conditions are met throughout their operation. The state management over conditional investment and business sectors and the inspection of compliance with business conditions of the business household fall under the jurisdiction of the specialized agencies according to the provisions of specialized laws.

- In case the District Business Registration Office receives a document from the competent authority about the business household operating in conditional investment and business sectors without meeting the legal conditions, the District Business Registration Office issues a Notice requesting the business household to temporarily suspend the activity in the conditional investment and business sector, while notifying the competent state agency for handling according to the provisions of the law.

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